Sector movers: Lloyds and Vodafone weigh on their sectors
3rd Feb 2014 16:50
Financial stocks took a hit after the European Central Bank said the largest banks in the euro-area will be required to prove their capital will not drop below 5.5% of their assets in the event of an economic crisis. Shares of Barclays and RBS were weighed down by the news, with the bank sector endi
Read moreLondon close: Risk aversion moves up a notch, traders skittish
3rd Feb 2014 16:46
- US ISM manufacturing index surprises sharply on the downside, weather cited - Footsie finds supoort at 200-day moving average - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line Market Movers techMARK 2,766.78 -0.29% FTSE 100 6,460.48 -0.77% FTSE 250 15,552.68 -0.78% Th
Read moreFTSE 100 movers: Randgold cheers with strong update
3rd Feb 2014 14:52
Randgold Resources was the strongest riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20 per cent and 15 per cent respectively, in line with the company
Read moreBroker tips: Lloyds, Rio Tinto, MITIE
3rd Feb 2014 12:50
Lloyds Banking Group is expected to report a 'small' statutory loss after tax after setting aside a provision to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The lender has put aside £1.8bn in the fourth quarter for PPI and a further provision of £130m r
Read moreLondon midday: Investors waiting on raft of new data
3rd Feb 2014 11:43
- Slight fall in Footsie - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line - Eurozone manufacturing may relieve pressure on ECB, some say The FTSE 100 was dipping slightly into the red come midday, buoyed by its proximity to important levels of so-called 'technical suppo
Read moreBroker snap: Lloyds' profit and dividend disappoint, says Jefferies
3rd Feb 2014 10:14
Lloyds Banking Group is expected to report a 'small' statutory loss after tax after setting aside a provision to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The lender has put aside £1.8bn in the fourth quarter for PPI and a further provision of £130m r
Read moreLondon open: FTSE inches higher despite ECB concerns
3rd Feb 2014 08:55
- Modest rise on FTSE - Lloyds dives on PPI bill update - Chinese and Aussie data disappoints - Focus to be on Eurozone manufacturing techMARK 2,783.19 +0.30% FTSE 100 6,514.32 +0.06% FTSE 250 15,690.31 +0.10% The FTSE surprised with a positive start to today's session, inching marginally into pos
Read moreLloyds expects to commence dividend at 'modest' level
3rd Feb 2014 07:55
Lloyds Banking Group's shares fell after saying it set aside 1.8bn pounds in the fourth quarter to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The state-backed lender also put aside a further provision of £130m relating to the sale of interest rate hedg
Read moreMonday newspaper round-up: Energy companies, retailers, Lloyds
3rd Feb 2014 07:06
Energy companies have hit out at Ofgem after being ordered to hand over information on every single trade they have made for the past 10 years as part of a new annual competition audit. That amounts to millions of pieces of data and executives have questioned the timing of the regulator's 'unusual'
Read moreSunday newspaper round-up: RBS, Centrica, Vodafone
2nd Feb 2014 17:27
The Bank of England will question Royal Bank of Scotland over its capital position in the next two weeks, the Sunday Telegraph reported. The BoE's Prudential Regulatory Authority arm will call in RBS boss Ross McEwan to check on the bank's capital strength in light of his strategy review, due Februa
Read moreCable slams Lloyds plans to slash its small business advisers
30th Jan 2014 15:51
Business Secretary Vince Cable said he was 'disappointed' to hear news that Lloyds Banking Group was cutting almost a quarter of its small business advisers. He is said to be "very angry" and will demand an explanation from the bank's boss Antonio Horta-Osorio on why he wants to cut 600 of its 2,70
Read moreLondon midday: Stocks hold on to losses as investors weigh Fed, data
30th Jan 2014 11:20
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreLondon open: Stocks fall after Fed as investors await data-heavy session
30th Jan 2014 08:26
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Barrage of data out elsewhere techMARK 2,761.89 -0.22% FTSE 100 6,518.96 -0.39% FTSE 250 15,677.69 -0.07% UK equities got off to a poor start on
Read moreThursday newspaper round-up: BP, RBS, Scotland
30th Jan 2014 07:16
BP should remain barred from winning any new contracts with the American government because it has not demonstrated that it is a "responsible" contractor following the 2010 Gulf of Mexico oil spill, the US Department of Justice has said. The oil giant is fighting to overturn a decision made by the U
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